Canadian Interest Rates – A Cut Is ‘More Likely’

Canadian Interest Rates – A Cut Is ‘More Likely’

The Bank of Canada will almost certainly keep interest rates at 1% again tomorrow and most experts believe that a rise is still a year or so away, but some are suggesting the central bank may have to cut rates first. David Madini of Capital Economics in Toronto says that although there are positive noises being made about the economy, they are largely predictions for the future. Mr Madini says that, although it is not the most likely scenario , if the economy doesn’t improve in the coming months, the Bank may be forced to change direction and cut rates.  Read the full story.